Lead Manager to IIFL Finance Limited for their Public Issue of Secured NCDs

Public Issue - NCD

Service

October 2021

Date

Financial Institutions

Sector

INR 8,430 MN

Deal Value

Lead Manager to IIFL Finance Limited for their Public Issue of Secured NCDs

Deal Highlights:

  • The Issue received an overwhelming response from investors. The Issue was subscribed 8.43 times of the Base Issue Size and 0.84 times of the Tranche II Issue Size
  • The Secured NCDs are issued in seven series with tenure of 24, 36 or 60 months. The frequency of interest payment will be monthly, cumulative or annual. The Secured NCDs under Series I to Series VII offer a fixed annualized yield of up to 8.75% p.a. to investors.

Our Contribution:

  • We managed to garner healthy participation from a varied set of investors
  • As Left Lead Manager, we hand-held the Company with end-to-end execution, swift regulatory approvals and timely launch
  • This is our back-to-back third successful NCD issue closure for IIFL Group in the current fiscal year